Tuesday, June 24, 2025
spot_img

Now ‘guaranteed return’ will be available under NPS, people will get benefit from this new plan of the government

NPS Assured Return Scheme: Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) is all set to bring the Minimum Assured Return Scheme (MARS) under the National Pension System (NPS). This is excellent news for lakhs of pensioners of the country. (PFRDA) has issued a Request for Proposal (RFP) for consultants to design the scheme. Let us know about this in detail.

PFRDA will appoint consultants:

The Pension Fund Regulatory and Development Authority (PFRDA) has invited suggestions for consultants to design the scheme. At the same time, PFRDA President Supratim Das Bandyopadhyay said that talks are going on with pension funds and actuarial firms.

As per the PFRDA Act, A is allowed to start the scheme of Minimum Assured Return. The funds managed under pension fund schemes are mark-to-market and have some volatility. Their valuation is based on market conditions.

Read More: PFRDA: Exciting pension news! Under the NPS, a ‘guaranteed return’ will be accessible; learn about the government’s strategy.

What will the consultant do?

As per the RFP draft of PFRDA, a consultant will be appointed to prepare the scheme with guaranteed returns under NPS. There should not be a principal-agent relationship between the PFRDA and the service provider.

Under the NPS, people opt for a scheme that gives a ‘minimum assured return’ as per the guidelines of the PFRDA Act. Such a scheme would have to be offered by a pension fund registered with the regulator. At the same time, the job of the advisors will be to prepare a ‘Minimum Assured Return’ scheme for the existing and potential clients of the pension fund.

Know what is NPS?

Let us tell you that the Central Government had implemented NPS for the employees from January 1, 2004. After this all other states implemented NPS. At the same time, after 2009, the private sector was also included in this scheme.

After retirement, employees can withdraw a portion of NPS, while the remaining amount can be taken as an annuity for regular income. Any person in the age group of 18 to 60 years can take the National Pension Scheme.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

iPhone 16 Pro, Pro Max on Sale—Check Offer Details

iPhone 16 Pro and iPhone 16 Pro Max: Flipkart is currently offering Apple's newest and most expensive handsets, the iPhone 16 Pro and iPhone...

5 Charging Mistakes That Can Explode Your Phone

Five blunders that can lead to mishaps include using the incorrect charger, letting the phone overheat, and leaving it charging even after it is...

2025 Masik Shivratri: Rare fast & worship tips.

Vrat Masik Shivratri 2025 Date: It is a fantastic coincidence that Shiva devotees will benefit from devotion and Jalabhishek three times this June during...

iQOO Z10 Lite 5G: ₹10K, 50MP, 6000mAh

In India, the iQOO Z10 Lite 5G smartphone was released. Three RAM options—4GB, 6GB, and 8GB—were available when this phone was first released in...

International Yoga Day 2025: Dance for Health & Happiness

What could be better than yoga for a stress-free lifestyle, healthy sleep, and a balance between physical strength and flexibility? Yoga is the foundation...

Most Popular